Record Deficits

by Olivier on January 7, 2009

Nothing unexpected happening today. Oil and gold were running into heavy resistance. Prices pulling back in these kind of situations is something one should expect. Everything else is just wishful thinking.

The quote of the day:

www.nytimes.com/2009/01/07/us/politics/07obama.html

‘Mr. Obama sought to distinguish between the need to run what is likely to be record-setting deficits for several years and the necessity to begin bringing them down markedly in subsequent years.’

Talk is cheap. Then again what else did you expect?

Have a great evening.

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